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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: pooh who wrote (44161)	6/11/1999 11:15:00 AM
From: SAMS BONE	Read Replies (1) \| Respond to of 120523

AOL is #1 on the money flow out BE careful

To: pooh who wrote (44161)	6/11/1999 12:03:00 PM
From: Lane Hall-Witt	Respond to of 120523

Probably. Institutions have been dumping AOL bigtime since the runup Friday and Monday morning. They've been selling into any strength, I believe in anticipation of the rate hike. Until the interest-rate picture clears up, I'm mostly staying away from high-fliers with large institutional ownership, because it looks like the pros are pushing the panic button. Stocks that are held primarily by retail investors appear to be a bit more stable at this point: there's little strength on the buy side, but also little selling. The pros and media teamed up to push AOL a couple of weeks ago -- a bunch of pieces on how AOL would be the first Net stock to come back. My guess is that this was orchestrated to lure in buyers for the institutional dump. There sure aren't many buyers taking the bait. The fundies are dumping into weakness. It's going to be fun when these folks run out of inventory.